Zillow Group (ZG) Issues Earnings Results, Meets Estimates

Zillow Group (NASDAQ:ZG) announced its earnings results on Thursday. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19, Bloomberg Earnings reports. The business had revenue of $282.30 million during the quarter, compared to analyst estimates of $277.60 million. Zillow Group had a negative net margin of 3.99% and a negative return on equity of 0.25%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS.

Shares of Zillow Group (ZG) traded down $1.44 during mid-day trading on Friday, hitting $44.95. 1,616,969 shares of the stock were exchanged, compared to its average volume of 353,560. Zillow Group has a 12-month low of $32.63 and a 12-month high of $50.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.44 and a current ratio of 6.44. The company has a market cap of $8,452.16, a P/E ratio of -195.43 and a beta of 1.27.

A number of equities research analysts have weighed in on ZG shares. KeyCorp upgraded shares of Zillow Group from a “sector weight” rating to an “overweight” rating in a research note on Friday, January 26th. JMP Securities boosted their target price on shares of Zillow Group from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. Canaccord Genuity reiterated a “buy” rating and set a $52.00 target price on shares of Zillow Group in a research note on Wednesday, November 8th. Morgan Stanley upgraded shares of Zillow Group from an “equal weight” rating to an “overweight” rating and set a $39.00 target price for the company in a research note on Thursday, January 11th. Finally, Barclays boosted their target price on shares of Zillow Group from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.43.

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Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Earnings History for Zillow Group (NASDAQ:ZG)

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